PAYMAGNET MAKING CRYPTO PAYMENTS MORE ACCESSIBLE TO MERCHANTS

November 1116:012017

BRATISLAVA, SLOVAKIA – 11 Nov, 2017 – Paymagnet the disruptive contactless payment specialist, announced that they have now been granted a Tier4 direct access to cryptocurrency exchange kraken.com. This strategic move is intended to extend their current portfolio where merchants accept contactless card payments directly within a mobile app on any NFC-enabled smartphone, by adding cryptocurrencies like Ethereum, Dash, or Bitcoin.

“We make it very simple for merchants to accept multiple crypto currencies, by letting customers tap their NFC-enabled phones to pay, but get settled in Fiat (EUR/USD/HKD..) via standard merchant accounts” said Martin Glettler, CEO Paymagnet.com “Furthermore, since we operate solely on our own NFC-Tags infrastructure we are agnostic to the recent crypto-card ban. No intermediate card-scheme is necessary in the process, users pay in app- and we settle the merchants by exchanging crypto to fiat“

Paymagnet ?s payment network is available in 45 countries today serving merchants in several sectors Like air, retail, travel and entertainment with strong partnerships in place with Wirecard Germany, TTF OneRoadPayments HongKong, or UATP which connects airlines to alternative forms of payment, brands such as Cash-Ticket, or PayPal. Paymagnet takes pride in offering the most intuitive, personal and secure mobile NFC interface that allows merchants to accept payments from anywhere with a smartphone. Earlier this year, Paymagnet was listed as a BBVA Open Talent 2016 finalist, an award dedicated to recognizing innovative technological projects that influence the financial industry.

Rumor has it that Paymagnet is preparing an ICO in december 2018 and secured the support of former advisors to Bancor, Viberate and district0x.